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and now we have the debt ceiling and on and on and on. it never ends. people get concerned. you look at consumer confidence, and it has since passed continued to decline. a function of not knowing what is going on in the we shouldr, i guess say, in the government, in terms of what they're doing with budget and taxes and everything else. host: we will talk with april -- reporter on the hill. ,et's go to fredericksburg virginia, republican, also a federal worker. caller: hi. i am with the department of defense, and we have done it numerous options on how to deal with the sequester. the department of defense has been hours with the sequester. it has certainly affected the tempo of our work. i think it is going to severely affect defense workers morale in a lot of ways. this is really ridiculous. both senatorsto from june -- virginia. unless they fix this things, i am not going to vote for them. atm looking very closely how my congressman is handling the situation. anything to doing fix it, i will try and vote him out, also. the congressmen are doing themselves a disservice. hos
and now we have the debt ceiling and on and on and on. it never ends. people get concerned. you look at consumer confidence, and it has since passed continued to decline. a function of not knowing what is going on in the we shouldr, i guess say, in the government, in terms of what they're doing with budget and taxes and everything else. host: we will talk with april -- reporter on the hill. ,et's go to fredericksburg virginia, republican, also a federal worker. caller: hi. i am with the...
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Mar 21, 2013
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that almost certainly means we're headed to a very big fight over the debt ceiling late they are spring, into the early summer. >> but tucked away in that continuing resolution are some hidden items on guns. making permanent some of the restrictions on the federal government's ability to regulate guns. they're not the major ones, but they were tucked away in there. when people aren't looking at the continuing president, the nra is still holding sway. >> well and andrea, you know, in the wake of newtown, i think we all grappled with the possibility that the politics surrounding gun control had been fundamentally changed. i would say what's happened in the months since then, stripping the assault weapons ban out, skepticism about background checks and high-capacity magazines, suggests that newtown may have changed things for a time, but it's possible it did not change broadly how the public thinks about gun rights, gun restrictions, you know, and et cetera. >> chris cillizza, thank you very much, see you later. and meanwhile, speaking of guns in colorado, the manhunt continues and widens
that almost certainly means we're headed to a very big fight over the debt ceiling late they are spring, into the early summer. >> but tucked away in that continuing resolution are some hidden items on guns. making permanent some of the restrictions on the federal government's ability to regulate guns. they're not the major ones, but they were tucked away in there. when people aren't looking at the continuing president, the nra is still holding sway. >> well and andrea, you know, in...
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Mar 25, 2013
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not the debt ceiling? it's gun violence, and it's unrestricted access to guns by criminals and the mentally ill, thanks to the capitol managements and the nras of the world who are arming criminals and -- and controlling our hard-fought democracy. we have got to take your democracy back. there are way more of us than there are of those lunatics in the nra, and their benefactors in the gun industry. but we have to hold our congress people accountable. >> michael: it seems, john noot to sort of douse your flames on this, it seems like they are calling. thanks goodness there is bloomberg to counter these people for the first time. isn't the moment going away now? i know we said that about gabby giffords, and i thought that was going to be the moment and it clearly wasn't, now i thought this was a no-brainer. what has to happen? >> i'm afraid something far worse than newtown. as we get further and further away from newtown, we're seeing even the democrats in the senate shy away from assault weapons and ammunit
not the debt ceiling? it's gun violence, and it's unrestricted access to guns by criminals and the mentally ill, thanks to the capitol managements and the nras of the world who are arming criminals and -- and controlling our hard-fought democracy. we have got to take your democracy back. there are way more of us than there are of those lunatics in the nra, and their benefactors in the gun industry. but we have to hold our congress people accountable. >> michael: it seems, john noot to...
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Mar 25, 2013
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ceiling increase. they'll pass a budget. the house passed a budget. in theory what they're supposed to do is reconcile the two of them, come up with a compromise and make that budget the law. that's not going to happen, this was the end. this bill is going to die and there's no implication for keystone, excel, abortion or anything else. it's symbolic. >> quoting myself, it's a statement of priorities. and the fact that the republicans are still trying to litigate the issue of the affordable care act, still talking about contraception, still talking about a woman's right to choose, it's a testament, those are not winning issues for the republican party. i want to talk to you, josh, you have a great column in bloomberg view, talking about republicans and their deficit amnesia. michael writes in the "daily beast," the gop is advancing three crucial lies, that we have to balance the budget, that public investment at this point is irresponsible and that if we do slash spending and balance the budget, jobs w
ceiling increase. they'll pass a budget. the house passed a budget. in theory what they're supposed to do is reconcile the two of them, come up with a compromise and make that budget the law. that's not going to happen, this was the end. this bill is going to die and there's no implication for keystone, excel, abortion or anything else. it's symbolic. >> quoting myself, it's a statement of priorities. and the fact that the republicans are still trying to litigate the issue of the...
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Mar 25, 2013
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he's voted no on everything from hurricane relief to raising the debt ceiling. he's drawn comparisons to joe mccarthy. john mccain even called him a wacko bird. but cruz says things are just going great. he told the dallas morning news, "if you look at the vote on sequester, the filibuster on drone strikes and the vote on defunding obama car, republicans have stood together for principle. and in doing so, i believe we are winning the argument." with that kind of fuzzy logic, it's no wonder the americans are running away from the party. 27% of americans can identify as republicans. that's the lowest since the beginning of 2010. and only 33% have a favorable view of the gop. but senator cruz thinks republicans are winning the argument? yikes. maybe the effort to reboot the party is just a lost cause. joining me now, ryan grim and jamal simmons. ryan, do tea party republicans really think they are winning the argument here or are they just avoiding reality as long as possible? >> well, a lot of tea party republicans don't think that the other side has an even remot
he's voted no on everything from hurricane relief to raising the debt ceiling. he's drawn comparisons to joe mccarthy. john mccain even called him a wacko bird. but cruz says things are just going great. he told the dallas morning news, "if you look at the vote on sequester, the filibuster on drone strikes and the vote on defunding obama car, republicans have stood together for principle. and in doing so, i believe we are winning the argument." with that kind of fuzzy logic, it's no...
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Mar 21, 2013
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but i've got to have my debt ceiling now. less than two years later we've already increased the debt ceiling $2.1 trillion. we're right up there again having to raise the debt ceiling again. it will be a matter of weeks that this has got to be confronted again. well, what about the spending cuts? before the ink was dry on that agreement, signed by the president himself, i've got the document right here, in blue ink, barack obama right there. agree to cut $2.1 trillion in spending over ten years. this wasn't a big cut. we are at the -- spending were flat for ten years, we would have spent $37 trillion. as i recall, if under the baseline then in effect, we were expected to grow it to $49 trillion over ten years. $49 trillion. this would have reduced it to $47 trillion. so we reduced the growth of spending from $37 trillion to $47 trillion instead of $49 trillion. now you would have thought we were throwing the sink and the country into the ocean. but in january, six months later, he proposes a budget that wipes out 60% of that
but i've got to have my debt ceiling now. less than two years later we've already increased the debt ceiling $2.1 trillion. we're right up there again having to raise the debt ceiling again. it will be a matter of weeks that this has got to be confronted again. well, what about the spending cuts? before the ink was dry on that agreement, signed by the president himself, i've got the document right here, in blue ink, barack obama right there. agree to cut $2.1 trillion in spending over ten...
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Mar 22, 2013
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the debt ceiling back in 2011. half our time in the senate between january and june, half of our time was not spent on legislative business. in fact in 2011 alone, it was one of the fewest number of days we've been in session since 1992 and here it was coinciding with one of the event that created the highest level of policy uncertainty of any event over the last 20 years, surpassing the wars, surpassing the financial crieses, september 11th. just to name some major events. and that debt ceiling debacle did more to disrupt the public's confidence in the integrity of the political process in washington. so you have to make your elected officials accountable. have you social immediate yafment you can build an online community snainsly and you get a message multiplire. by doing that you can find out where your law makers are. are they in session five days a week? they should be working. these are things you can be doing now. these are simple solutions but concrete ones. how can you deal with the issues of our day in t
the debt ceiling back in 2011. half our time in the senate between january and june, half of our time was not spent on legislative business. in fact in 2011 alone, it was one of the fewest number of days we've been in session since 1992 and here it was coinciding with one of the event that created the highest level of policy uncertainty of any event over the last 20 years, surpassing the wars, surpassing the financial crieses, september 11th. just to name some major events. and that debt...
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Mar 22, 2013
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ceiling showdown. am i wrong? then from a policy perspective, can the two sides meet? >> well, i think it's important to remember that we actually have had two and a half trillion dollars of deficit reduction agreed to already. and in all of the votes that they've taken so far we've had significant deficit reduction and both taxes but mostly in spending. and i would say, you know, it does feel like groundhog day because we've gone through two and a half years. great movie. not so great when it's congress. >> not fun when it's real. right. >> but we feel like we have this, i mean, how many times has speaker boehner said one to one? i know it's tiring but the idea that we're going to negotiate the debt limit? i mean, i think it's -- the president should refuse to negotiate on the debt limit. >> he has in the past. >> i think he should hold to that position now because i think the challenge for republicans is that this whole debate has weighed them down as a party. their numbers get worse every time they
ceiling showdown. am i wrong? then from a policy perspective, can the two sides meet? >> well, i think it's important to remember that we actually have had two and a half trillion dollars of deficit reduction agreed to already. and in all of the votes that they've taken so far we've had significant deficit reduction and both taxes but mostly in spending. and i would say, you know, it does feel like groundhog day because we've gone through two and a half years. great movie. not so great...
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Mar 20, 2013
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ceiling, and a lot of members of congress were reluctant to raise the debt ceiling since we were so irresponsible around this place, but an agreement was reached recognizing that could be disruptive to a significant degree, that we would raise the debt ceiling $2.1 trillion but we would reduce spending over ten years $2.1 trillion. well, we've already run up another $2.1 trillion in debt. we've already hit that. but they're proposing, and the president himself in his budget last january, six months -- less that six months after he signed the budget control act eliminating a little bit of the growth in spending, he's proposing to eliminate it, at least the sequester part of it, which is $1.2 trillion, 60%. so here are some other figures that are plain that the american people should know about this budget. it has a 60% spending increase over ten years, would increase spending 60%. it has $162 billion increase in spending next year, another stimulus bill. $7.3 trillion in new federal debt will be added under this budget over the next ten years. $1.5 trillion in tax increases. 80% incr
ceiling, and a lot of members of congress were reluctant to raise the debt ceiling since we were so irresponsible around this place, but an agreement was reached recognizing that could be disruptive to a significant degree, that we would raise the debt ceiling $2.1 trillion but we would reduce spending over ten years $2.1 trillion. well, we've already run up another $2.1 trillion in debt. we've already hit that. but they're proposing, and the president himself in his budget last january, six...
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here at home, fears of sequestration and new debt ceiling deadlines are a cause for concern and the eurozone debt crisis is far from over as highlighted from recent events in cyprus. >> when we have the crisis out of cyprus, this is the definition of headline risk. so we have this demand for safe haven. >> for "nightly business report" i'm jackie deangeles. >> two blue chips in the dow hitting all-time highs todayand that ishere we begin our market focus tonight. american express and johnson & johnson both hit as the market gained and the amex on the $150 million a share buyback plan and j & j after ubs raised the price target on the stock to $87 from $81. johnson & johnson also part of the nyse pharma index and that index hit its highest level in almost 12 years today. here are some other top performers in that group. bristol-myers squibb leading the way up most % year to date, followed by eli lilly, pfizer, amgen and merck. >>> it is set to become one of the ten largest shareholders in goldman sachs. the move comes as goldman gives berkshire millions of shares in place of warrants dating b
here at home, fears of sequestration and new debt ceiling deadlines are a cause for concern and the eurozone debt crisis is far from over as highlighted from recent events in cyprus. >> when we have the crisis out of cyprus, this is the definition of headline risk. so we have this demand for safe haven. >> for "nightly business report" i'm jackie deangeles. >> two blue chips in the dow hitting all-time highs todayand that ishere we begin our market focus tonight....
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and yet it is carried forward through this kind of trick of the budget control act, the debt ceiling deal, and all these straitjackets that have been put onto the process so that we are now two years later, even though there's not public support for it in any deep sense, it has been repudiated at the ballot box by a fairly significant majority, house, senate, and the presidential election, we have inherited this terrible policy which is going to cause needless pain and suffering. >> but it's like they've taken a machete to it across the board as oppose toed the many democrats who say, look, we know we need to make cuts in places. why not wield more of a scalpel to do it? what prevents them from doing that? >> there was this kind of weird politicalcle clati clalculation that the republicans tried to hand the president the scalpel back when the deadline was approaching and the president rejected it because he doesn't want to own the cuts. one of the things to understand about the politics is the republicans want cuts but they don't want to own them, and their biggest political goal is
and yet it is carried forward through this kind of trick of the budget control act, the debt ceiling deal, and all these straitjackets that have been put onto the process so that we are now two years later, even though there's not public support for it in any deep sense, it has been repudiated at the ballot box by a fairly significant majority, house, senate, and the presidential election, we have inherited this terrible policy which is going to cause needless pain and suffering. >> but...
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. >> if there is no deal by the end of july early august will you vote to raise the nation's debt ceiling? that's when it has to be raised. >> i'm not going to get into what we will or will not do. i do believe that we can make sure the default is not going to happen. i'm not really worried about us defeating. i think we can give the authority to the president to prevent default. i have to tell you, wolf. we can't keep running up deficits like this. it will damage our economy deeply and people are saying that we don't have a crisis on the horizon. of course we do. we've got a debt that is on a tear right now. if the debt takes off like it's projected to do, it's not only hurting our economy today but destroying it for the next generation. we just can't sit around and be complicit with that. that means we have to do something about it. >> let me get your thoughts on a couple sensitive issues coming before congress. immigration reform. do you support a pathway to citizenship for the 11 or 12 million illegal immigrants in the united states? >> well, i think we can get the comprehensive immig
. >> if there is no deal by the end of july early august will you vote to raise the nation's debt ceiling? that's when it has to be raised. >> i'm not going to get into what we will or will not do. i do believe that we can make sure the default is not going to happen. i'm not really worried about us defeating. i think we can give the authority to the president to prevent default. i have to tell you, wolf. we can't keep running up deficits like this. it will damage our economy deeply...
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Mar 24, 2013
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this is something that will come up again with the debt ceiling fight this summer. but if you look at what the senate just passed, this is as christina said, they want to raise taxes. >> guys, let's switch to gun control here. christina, there's mention of the push for the gun control measures. a new gun control law was signed into law described as tough but does not ban semiautomatic assault weapons. here's the governor today. >> i get the feeling right now around assault weapons is that it's hard to define what assault weapons is, whether the ten-year ban, the federal ban made a difference. >> so colorado can't pass a ban on semiautomatic assault weapons. do you take that as a sign it's not going to pass in any state? >> well, it's really hard to know. every state is different. but there is a huge question here. lawmakers feel a lot of pressure from gun lobbyists, gun rights groups and this is why the effort is so interesting. he says he's going to spend $12 million to really look at senators that might be persuadable, particularly those with strong gun rights cul
this is something that will come up again with the debt ceiling fight this summer. but if you look at what the senate just passed, this is as christina said, they want to raise taxes. >> guys, let's switch to gun control here. christina, there's mention of the push for the gun control measures. a new gun control law was signed into law described as tough but does not ban semiautomatic assault weapons. here's the governor today. >> i get the feeling right now around assault weapons...
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Mar 26, 2013
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for a few months, we have another confrontation with the debt ceiling coming up i think in july. and we're going to be fighting that again. we come up with these kind of -- it is like running a hurdles race. every few months, we put up another hurdle. the race is the same race and the battle is the same one. that is whether we're going to have an approach to the budget which invests in things which will keep america growing and prospering over the next couple of decades or whether we'll just try the same austerity program that failed miserably in europe. we put up these hurdles every few months that make it difficult for the public to get a grasp on what's going on. >> bill: yeah. each time, it is we're going over the fiscal cliff. then in the meantime, we have added to it now. the sequester. where we're seeing more and more impacts of it. what have you seen in your district or what are you hearing from your colleagues about impacts of the sequester at the local level? >> well, of course, everyone has any kind of civilian military population around is beginning to feel -- there w
for a few months, we have another confrontation with the debt ceiling coming up i think in july. and we're going to be fighting that again. we come up with these kind of -- it is like running a hurdles race. every few months, we put up another hurdle. the race is the same race and the battle is the same one. that is whether we're going to have an approach to the budget which invests in things which will keep america growing and prospering over the next couple of decades or whether we'll just...
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Mar 21, 2013
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the debt ceiling. if we do that, if we put a balanced budget amendment on the floor of the house and senate and if it passes i'll be ready to look at increasing the debt ceiling for the president. if that doesn't happen, i don't see a reason to raise the debt ceiling. let's stare him down on that until somebody gives in. we need to get this spending under control. and the irresponsible policies is not the way to go. obamacare needs to be repealed. we need to restore the rule of law in this country. we got to shrink down the welfare package that's out here. 80 different means tested welfare programs in the united states, just $2.5 trillion for the illegal component of this. a whole lot more if we don't get these entitlements under control. mr. speaker, the solutions are here. they are on this side of the aisle. they're actually in the platform. i endorse many of them. i appreciate your attention and i yield back the balance of my ime. the speaker pro tempore: the gentleman yields back his time. does the
the debt ceiling. if we do that, if we put a balanced budget amendment on the floor of the house and senate and if it passes i'll be ready to look at increasing the debt ceiling for the president. if that doesn't happen, i don't see a reason to raise the debt ceiling. let's stare him down on that until somebody gives in. we need to get this spending under control. and the irresponsible policies is not the way to go. obamacare needs to be repealed. we need to restore the rule of law in this...
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ceiling debates, they are going to have to shut the government down. we still take in 2.7 trillion, will pay for medicare, social security, will pay off our debt, the full faith and credit of the united states, but isn't that the only way that ryan's budget gets done? >> no, no, not at all. ryan's budget, you know, we're going to have a series of sequential battles. what's going to happen is the democrats in the senate are going to ultimately pass some kind of a budget resolution. i doubt it's going to be like this one. republicans in the the house are going to pass the budget committee resolution and these set levels for all of the appropriations committee allowing for protection and that is to say you can have expedited consideration of appropriations bills that fall under that level. the republicans are going to pass bills that have spending lower than the democrats. the democrats are going to have bills, they're higher than the republicans and then we're going to fight it out bill by bill by bill by bill through the balance of the year and see a cl
ceiling debates, they are going to have to shut the government down. we still take in 2.7 trillion, will pay for medicare, social security, will pay off our debt, the full faith and credit of the united states, but isn't that the only way that ryan's budget gets done? >> no, no, not at all. ryan's budget, you know, we're going to have a series of sequential battles. what's going to happen is the democrats in the senate are going to ultimately pass some kind of a budget resolution. i doubt...
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Mar 19, 2013
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ceiling to be increased because we spent so much money and republican said okay, we will raise the debt ceiling so the country doesn't default but only if you agree to a dollar for dollar reduction in spending over the next decade. that $2.5 trillion in spending restraints, not real cuts, spending, less than obama had hoped but in washington that is called a cut. if you want 10 of something and you only got eight of something, you walked away with eight but so that was the $2.5 trillion spending reduction over the next decade. it hasn't happened yet. we have several problems. the trillion dollars that obama obama -- obamacare tax increases in this decade have begun to hit now. oddly enough the democrats in the house and senate decided to put the tax increases, both of them after the 2012 election so everybody voted and now the tax increase has hit. this is not helpful for the economy and they think it's going to be unpleasant. >> host: up next from watertown south dakota on the democratic line. good morning, ron. >> caller: good morning and thanks for taking my call. i listened to you f
ceiling to be increased because we spent so much money and republican said okay, we will raise the debt ceiling so the country doesn't default but only if you agree to a dollar for dollar reduction in spending over the next decade. that $2.5 trillion in spending restraints, not real cuts, spending, less than obama had hoped but in washington that is called a cut. if you want 10 of something and you only got eight of something, you walked away with eight but so that was the $2.5 trillion...
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Mar 18, 2013
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and the republicans said, okay, we'll raise the debt ceiling is so the country doesn't default, but only if you agree to a dollar-for-dollar reduction in spending over the next decade. and so we got $2.5 trillion in spending restraint. not real cuts, spending less than obama had hoped in. in washington that's called a cut. if you wanted ten of something and you only got eight of something, you go i got cut too. actually, you walked away with eight. but, so that was a $2.5 trillion spending reduction over the next decade. it hasn't happened yet. we're still, we have several problems facing us. the trillion dollars in obamacare tax increases that hit this decade, that begin to hit now. oddly enough, the president and the democrats in the house and senate decided to put the tax increases, the bulk of them after the 2012 election. so everybody voted, and now the tax increases hit. it's not helpful for the economy, and i think it's going to be unpleasant for voters. >> host: ron's up next from watertown, south dakota, on the democratic line. good morning, ron. >> caller: good morning. >> gues
and the republicans said, okay, we'll raise the debt ceiling is so the country doesn't default, but only if you agree to a dollar-for-dollar reduction in spending over the next decade. and so we got $2.5 trillion in spending restraint. not real cuts, spending less than obama had hoped in. in washington that's called a cut. if you wanted ten of something and you only got eight of something, you go i got cut too. actually, you walked away with eight. but, so that was a $2.5 trillion spending...
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jon: but, judy, the republicans caved on things like the fiscal cliff and the debt ceiling. it seemed like he was a on a roll in the early weeks. >> right, jon, but that may establish the point which is, that if you start out with a lower level of popularity than presidents traditionally started out, their second term, you have further to fall, to rise in the polls if you're numbers go up but you have less to fall if, below to get that below that 50% mark. if you start out with a highly partisan, politicized electorate they will really come down on you like a ton of bricks if you do anything they don't like, which is a point that nate silver made in a recent analysis on the polling drop. i think coming right after this, the president's, what seems to be a very successful trip to the middle east just shows you that the american people are focused on the economy and they're focused on economic uncertainty. they're not focused on foreign policy as much as some of us would like, they really care about whether or not he's going to deliver any economic prosperity in the second ter
jon: but, judy, the republicans caved on things like the fiscal cliff and the debt ceiling. it seemed like he was a on a roll in the early weeks. >> right, jon, but that may establish the point which is, that if you start out with a lower level of popularity than presidents traditionally started out, their second term, you have further to fall, to rise in the polls if you're numbers go up but you have less to fall if, below to get that below that 50% mark. if you start out with a highly...
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ceiling is hit. i think that's the most fertile time for us. i think what republicans want to see, wolf, they want to see a 75-year actuary soundness. we want to make sure the programs are going to be there for the future. the president knows we want to make sure these programs are there, and what the presidents wants, obviously, is some additional revenue. i believe there's a possibility if we could get the 75-year soundness on medicare and social security with appropriate changes and reforms, i think there may be a way through full tax reform to do something that will generate revenue and fit the needs of both sides, and that's what i'm hopeful is going to happen over the next four months. look, there's no negotiation that's happening right now. there's some general discussions that have taken place, but i think the environment is going to be the best that it's been in the next several months. >> just to be precise, under certain circumstances to save social security and medicare over 75 years, you
ceiling is hit. i think that's the most fertile time for us. i think what republicans want to see, wolf, they want to see a 75-year actuary soundness. we want to make sure the programs are going to be there for the future. the president knows we want to make sure these programs are there, and what the presidents wants, obviously, is some additional revenue. i believe there's a possibility if we could get the 75-year soundness on medicare and social security with appropriate changes and reforms,...